A Survey of Experiences with Emerging Market Sovereign Debt Restructurings
This paper takes stock of past episodes of debt restructuring and reviews the relevant literature.
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Volume 2012
Issue 035
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Business and Economics , PP , debt exchange , exchange offer , restructuring episode , portfolio risk , debt restructuring , Debt restructuring , Bonds , Sovereign debt restructuring , Loans , Global , Africa , Middle East , Europe , Caribbean
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Summary
This paper takes stock of past episodes of debt restructuring and reviews the relevant literature. Based on cross-country experience from the late 1990s through 2010 of emerging markets it offers some stylized facts.
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